Proof Of Capital is a blockchain-focused venture capital fund that was subsequently renamed Race Capital. Proof Of Capital's Twitter Score is 16 out of 1000 as of July 2026, ranking #68,939 among 531,432 tracked accounts.
Proof Of Capital was co-founded by Edith Yeung, Chris McCann, and Phil Chen as Founding Partners. The fund announced its maiden $50 million fund on April 17, 2019, structured in fiat currency for traditional venture-capital equity deals rather than token-based investments. It targeted early-stage blockchain companies across fintech, infrastructure, hardware, and consumer-layer applications on a global basis.
Proof Of Capital's first announced investment was Ubanx, a Latin America-based blockchain fintech company. The fund also maintained a partnership with HTC Exodus, which was intended to give portfolio companies opportunities to build services or products for the Exodus blockchain phone and related ventures. HTC previously served as an anchor LP in the fund, alongside former backers Steve Chen, Formosa Plastics, and Greg Kidd.
Proof Of Capital operated under SEC registration until that registration was terminated on April 27, 2021, with its exempt-reporting-adviser status subsequently withdrawn on January 10, 2023. SEC Investment Adviser Public Disclosure records list Proof of Capital, Proof of Capital LP, and Proof of Capital LLC as names associated with Race Capital, L.L.C. Proof Of Capital has 776 followers as of July 2026 and has published 128 posts. It has been mentioned by 25 accounts, totaling 44 mentions.
Who follows Proof Of Capital on X?
The accounts that follow Proof Of Capital include 77 founders, 21 angel investors, 14 influencers and 8 VCs. Among them are Tay, Matthew Graham, Yat Siu, Galois Kevin, Dune and FTX.